Important points:
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Dash’s technical setup mirrors Zcash’s pre-breakout structure, suggesting upside potential in the hundreds of percentage points.
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Failure to breakout could result in a correction towards $69 and even the $14-$16 range.
Dash (DASH) has emerged as one of the top performers in the cryptocurrency market, rising over 385% over the past month.
The privacy coin’s rally closely mirrors the recent surge in rival Zcash (ZEC) and suggests that Dash may be gearing up for a decisive breakout of its own, potentially replicating the explosive move that propelled ZEC to eight-year highs.
How high will DASH price go next?
Both ZEC and DASH share nearly identical long-term structure, featuring a multi-year downward channel dating back to 2017, followed by an attempted breakout in late 2025.
ZEC broke above the upper trend line of the descending channel in late September, triggering a 634% rally from about $60 to over $390 within a few weeks.
The breakout from the descending channel flipped multiple resistance levels into support, including the 200-2W Exponential Moving Average (200-2W EMA represented by the blue wave), the 0.236 and 0.38 Fibonacci retracement lines.
Meanwhile, ZEC’s Relative Strength Index (RSI) did not stay near 70, the typical overbought threshold, and continued to rise, reflecting unchecked bullish momentum.
As of Monday, Dash was roughly in the same position as Zcash before the rally, testing the upper end of a seven-year downward channel.
RSI is around 78.70, below ZEC’s recent peak, suggesting there may still be plenty of headroom for the rally.
Related: Crypto investors flee visibility for anonymity as privacy coins soar 80%
A break above the upper trendline of the channel could send DASH price heading toward the 0.236 Fibonacci retracement level near $98 in the coming weeks. That means the price can rise up to 400% from current levels.
What could ruin this bullish DASH setup?
Each time DASH tested the upper bound of a multi-year downward channel in 2018, 2021, and 2022, it has undergone significant corrections of 85-97%.
Currently, the price is once again testing the $98-$100 resistance zone, and a similar reaction could occur if the buying momentum stalls.
An initial drop to $69 coinciding with the 200-2W EMA (blue wave) would represent a 20% decline and would be the first area to look at support by the end of November or December.
If selling pressure increases, DASH could fall further and test the 50-2W ($34) and 20-2W ($34.65) EMAs in H1 2026.
In the worst-case scenario, history suggests that by 2026, the lower trendline around $14-$16 will be fully retested, completing yet another cycle within the long-term descending channel.
This article does not contain investment advice or recommendations. All investment and trading moves involve risk and readers should conduct their own research when making decisions.
